Index Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
NASDAQ Composite (NASDAQ:COMP)
Countertrend Up (+85) - COMP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid COMP?
MarketClub looks at technical strength and momentum to determine if the timing is right for COMP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for COMP
The long-term trend has been UP since Nov 20th, 2023 at 14309.21
The intermediate-term trend has been UP since Nov 7th, 2023 at 13602.25
The short-term trend has been DOWN since Nov 30th, 2023 at 14195.72
Smart Scan Analysis for COMP
Based on our trend formula, COMP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||8133.3||52wk High Date||2018-08-30|
|52wk Low||6630.67||52wk Low Date||2018-02-09|